Aigen Investment Management LP Acquires New Position in Bunge Global SA (NYSE:BG)

Aigen Investment Management LP bought a new position in Bunge Global SA (NYSE:BG) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,847 shares of the basic materials company’s stock, valued at approximately $468,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Bunge Global during the second quarter worth approximately $28,000. Blue Trust Inc. raised its holdings in shares of Bunge Global by 52.3% during the 2nd quarter. Blue Trust Inc. now owns 297 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 102 shares during the period. Farmers & Merchants Investments Inc. raised its holdings in shares of Bunge Global by 185.2% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 308 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 200 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Bunge Global during the 2nd quarter valued at about $40,000. Finally, Atlas Capital Advisors LLC grew its holdings in shares of Bunge Global by 261.3% in the second quarter. Atlas Capital Advisors LLC now owns 383 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 277 shares during the period. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered shares of Bunge Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $125.00 to $114.00 in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Bunge Global Stock Performance

Shares of BG stock opened at $88.06 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.10 and a current ratio of 2.07. The firm has a market cap of $12.30 billion, a P/E ratio of 11.15 and a beta of 0.67. The firm’s 50 day moving average price is $93.15 and its 200-day moving average price is $100.43. Bunge Global SA has a one year low of $82.18 and a one year high of $114.92.

Bunge Global Profile

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.